Arqit Quantum Inc (NASDAQ: ARQQ) has experienced a decline in its stock price by -1.17 compared to its previous closing price of 0.29. However, the company has seen a fall of -2.81% in its stock price over the last five trading days. globenewswire.com reported 2024-09-19 that LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) — Arqit Quantum Inc. (Nasdaq: ARQQ) (“Arqit” or the “Company”), a leader in quantum safe encryption, today announces that, following approval by the Company’s shareholders at its annual general meeting held on September 18, 2024, the Company’s Board of Directors has determined to effect a 25:1 reverse share split (the “25:1 Reverse Share Split”). Accordingly, the authorized share capital of the Company will be consolidated as follows: from US$50,000 divided into 469,000,001 ordinary shares of a par value of US$0.0001 each and 30,999,999 preference shares of a par value of US$0.0001 each, to US$50,000 divided into 18,760,000 ordinary shares of a par value of US$0.000004 each and 1,240,000 preference shares of a par value of US$0.000004 each.
Is It Worth Investing in Arqit Quantum Inc (NASDAQ: ARQQ) Right Now?
The 36-month beta value for ARQQ is also noteworthy at 1.21. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ARQQ is 79.39M, and at present, short sellers hold a 1.81% of that float. The average trading volume of ARQQ on September 19, 2024 was 836.68K shares.
ARQQ’s Market Performance
The stock of Arqit Quantum Inc (ARQQ) has seen a -2.81% decrease in the past week, with a -18.58% drop in the past month, and a -7.58% fall in the past quarter. The volatility ratio for the week is 6.62%, and the volatility levels for the past 30 days are at 7.62% for ARQQ. The simple moving average for the past 20 days is -8.53% for ARQQ’s stock, with a -37.49% simple moving average for the past 200 days.
Analysts’ Opinion of ARQQ
Many brokerage firms have already submitted their reports for ARQQ stocks, with Deutsche Bank repeating the rating for ARQQ by listing it as a “Hold.” The predicted price for ARQQ in the upcoming period, according to Deutsche Bank is $7 based on the research report published on July 19, 2022 of the previous year 2022.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see ARQQ reach a price target of $16. The rating they have provided for ARQQ stocks is “Buy” according to the report published on April 26th, 2022.
ARQQ Trading at -14.31% from the 50-Day Moving Average
After a stumble in the market that brought ARQQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.85% of loss for the given period.
Volatility was left at 7.62%, however, over the last 30 days, the volatility rate increased by 6.62%, as shares sank -15.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.25% lower at present.
During the last 5 trading sessions, ARQQ fell by -2.85%, which changed the moving average for the period of 200-days by -44.15% in comparison to the 20-day moving average, which settled at $0.3106. In addition, Arqit Quantum Inc saw -39.54% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ARQQ
Current profitability levels for the company are sitting at:
- -68.06 for the present operating margin
- -0.53 for the gross margin
The net margin for Arqit Quantum Inc stands at -87.38. The total capital return value is set at -2.05. Equity return is now at value -142.79, with -87.25 for asset returns.
Based on Arqit Quantum Inc (ARQQ), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at -6.17.
Currently, EBITDA for the company is -60.65 million with net debt to EBITDA at 0.36. When we switch over and look at the enterprise to sales, we see a ratio of 42.33. The receivables turnover for the company is 0.63for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.70.
Conclusion
In summary, Arqit Quantum Inc (ARQQ) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
